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16 January, 2019 8:00 AM Flipkart India gets Rs 1,431 crore infusion from Singapore entity

Flipkart Singapore had earlier pumped Rs 2,190 crore into Flipkart India in December. Flipkart Singapore has infused Rs 1,431 crore into its Indian entity Flipkart India Pvt Ltd, according to documents of Registrar of Companies, sourced from data intelligence firm PaperVC. A total of 4,86,861 lakh equity shares were allowed at a premium of Rs 29,399 per share 878

15 January, 2019 10:28 AM Fertiliser Minister seeks additional Rs 23,000 cr to clear January-March subsidy bill

The Fertiliser Ministry has sought additional Rs 23,000 crore from the Finance counterpart to meet the subsidy requirement for the January-March quarter, a senior government official said on Tuesday. Till December, a subsidy payment of Rs 23,283 crore was due towards fertiliser companies and the ministry was left with about Rs 13,056 crore from the budgeted 150

14 January, 2019 9:20 AM Bharti Airtel in talks to buy Telkom Kenya: Sources

India's Bharti Airtel is in talks to buy Telkom Kenya, the East African nation's smallest telecoms operator, to create a stronger challenger to market leader Safaricom, three industry sources told Reuters on Monday. London-based Helios Investment, which owns a 60 percent stake in Telkom, is looking to partly cash out of the investment which it entered 152

14 January, 2019 8:23 AM Flipkart founder Sachin Bansal takes a $21 million ride in Ola

Sachin Bansal has invested Rs 150 crore in ride hailing firm Ola, a week after it raised $74 million from existing investor Steadview Capital, according to documents filed with the Registrar of Companies (ROC) sourced from data intelligence firm PaperVC. Bansal, who is also setting up a $1 billion fund, has invested here in his individual capacity 178

14 January, 2019 4:28 AM China's global trade surplus fell in 2018: Customs

China's global trade volume rose last year but its surplus fell again as its imports outpaced its exports, official data released Monday showed amid a bruising trade war with the United States. Total trade reached $ 4.62 trillion, a 12.6 percent rise from 2017, according to customs data. But the trade surplus for the world's second largest economy fell 16.2 percent 202

13 January, 2019 12:42 PM Petrol, Diesel Prices Hiked 5 Times So Far This Year. Here's How Much You Pay For Fuel

Petrol and diesel prices were hiked by 48-63 paise per litre on Sunday. That marked the fourth consecutive hike in domestic fuel prices, and the fifth overall so far this year. The upwards price revision comes on the back of a recovery in crude oil prices in anticipation of tightening supply ahead, say analysts. Currently, oil marketing companies in the country 294

12 January, 2019 1:17 PM IDFC Bank re-named IDFC First Bank

IDFC Bank and non-banking financial company Capital First had announced completion of their merger on December 18. Private sector lender IDFC Bank said its name has been changed to IDFC First Bank Ltd with effect from Saturday. "...the name of the Bank has been changed from IDFC Bank Ltd to 'IDFC First Bank Limited' with effect from January 12, 2019 by virtue 139

12 January, 2019 7:13 AM Global solar sector sees corporate funding, M&A activity worth $9.7 billion in 2018

The global solar sector witnessed a total corporate funding and merger and acquisitions activity worth USD 9.7 billion in 2018, a 24 percent drop compared to the year-ago period, according to a report. Mercom Capital Group said the total M&A and global corporate fundings, including venture capital (VC), debt financing and public market financing stood 142

11 January, 2019 4:51 PM Two Foreign Nationals Arrested With Heroin Worth Rs 32 Crores: Police

Two foreign nationals suspected to be members of an International drug cartel were arrested with heroin worth Rs 32 crores, police said Friday. The accused have been identified as Asadullah (27), an Afghan national and Moussa Zie (30), an Ivory Coast national, they added. The accused used to supply heroin to their clients in the National Capital Region 137

11 January, 2019 3:35 PM There Should Be No Road Tax On Electric Vehicles, Says Amitabh Kant

NITI Aayog CEO Amitabh Kant said the NITI Aayog has suggested the states do away with road tax and issue green permits for electric vehicles. NITI Aayog CEO Amitabh Kant today said there should be no road tax on electric vehicles to bring the ownership cost of electronic vehicles at par with combustion vehicles. He said the NITI Aayog has suggested the states 159